Massachusetts Life Sciences Center wins national Technology-Based Economic Development (TBED) award
Awarded by the State Science and Technology Institute, the MLSC is recognized for “Improving Competitiveness of Existing Industries”
PORTLAND, Ore. – The State Science and Technology Institute (SSTI) today announced that the Massachusetts Life Sciences Center (MLSC) has received its national “Excellence in Technology-Based Economic Development” (TBED) award for accomplishments in the category, “Improving Competitiveness of Existing Industries.” The MLSC won the award based on a national competition to identify initiatives that represent best practices in innovation-driven economic development. The MLSC’s President & CEO, Susan Windham-Bannister, Ph.D., accepted the award on behalf of the MLSC and the Commonwealth of Massachusetts at SSTI’s annual meeting in Portland, Ore., today.
SSTI is a national nonprofit organization that leads, supports and strengthens efforts to improve state and regional economies through science, technology and innovation. Each year SSTI launches a national competition seeking initiatives that improve both state and local economies. By identifying success stories, SSTI intends to identify the practices that are most effective and can then be deployed by other organizations.
The MLSC is the sole initiative from the east coast to win an award. Other TBED awards were made in categories that include “Expanding Research Capacity,” “Commercializing Research,” “Building Entrepreneurial Capacity,” “Increasing Access to Capital” and “Most Promising TBED Initiative.”
Through the MLSC, Massachusetts is investing $1 billion over 10 years in the growth of the state’s life sciences ecosystem. These investments are being made under the Massachusetts Life Sciences Initiative, proposed by Governor Deval Patrick in 2007, and passed by the State Legislature and signed into law by Governor Patrick in June of 2008. A recent evaluation report by two noted economists at Northeastern University cited the MLSC as having “played a critical role in creating a life sciences “ecosystem” that attracts investment and generates jobs in this sector.” According to the evaluation, the life sciences are now the fastest-growing sectors in the Massachusetts economy, and since the MLSC began making investments, Massachusetts is adding jobs in the life sciences faster than any other state. View the report here.
“This award recognizes a lot of hard work, dedication and creativity by our MLSC team to successfully implement Governor Patrick’s vision for a Life Sciences Initiative since its inception five years ago,” said Windham-Bannister. “With the support of Governor Patrick and the State Legislature, we are proud to have developed the most comprehensive set of incentive programs in the nation that encourage job growth in the life sciences. The Life Sciences Center also is funding programs that support the development of a skilled, inclusive and diverse workforce to fill these jobs and create economic opportunities across the state. Our program portfolio has enabled the Massachusetts life sciences ecosystem to grow and flourish, making our state the global leader in life sciences.”
“I commend the Life Sciences Center for their commitment to implementing our life sciences strategy that is receiving the recognition it deserves across the country,” said Governor Deval Patrick. “Now is not the time to let up, and we are committed to maintaining Massachusetts’ reputation as the global leader in the life sciences. In order to propel our economy forward and prepare our citizens for success in the 21st century global marketplace, we are making the choices today that are shaping our future and will leave the Commonwealth stronger for the next generation.”
The “Improving Competitiveness of Existing Industries” award honors initiatives that expand the innovation capacity of existing companies or industries to develop new leading edge products or services or significantly enhance the competitiveness of their existing operations. Applications are reviewed by a committee of experienced practitioners and are evaluated in six areas: impact, transferability, partnerships, context, ability to achieve vision and innovativeness.
“The Massachusetts Life Science Center effectively applies best practices and innovative strategies to support growth in the state’s life sciences industry and has the demonstrated impacts to prove it,” said Dan Berglund, SSTI president & CEO. “The MLSC also provides a strategic, comprehensive blueprint for increasing competiveness by developing strong partnerships between academia, industry and public organizations.”
“The crucial investments and partnerships made by the Massachusetts Life Sciences Center not only benefit our economy here in the Commonwealth, but also pave the way for future growth in life sciences industries across the nation and around the world,” said Senate President Therese Murray. “I’d like to give my congratulations to Dr. Windham-Bannister and the MLSC for this well-deserved honor and for continuing to keep Massachusetts on the cutting edge of the life sciences industry.”
“The Massachusetts Life Sciences Center has been an integral partner in furthering our goal to make Massachusetts the top state for the life sciences industry,” said House Speaker Robert A. DeLeo. “The MLSC embodies the type of innovation that makes the Commonwealth such an exciting and rewarding place to do business. I congratulate the center on this well-deserved award and look forward to future collaborations.”
About the Massachusetts Life Sciences Center
The Massachusetts Life Sciences Center (MLSC) is an investment agency that supports life sciences innovation, research, development and commercialization. The MLSC is charged with implementing a 10-year, $1-billion, state-funded investment initiative. These investments create jobs and support advances that improve health and well-being. The MLSC offers the nation’s most comprehensive set of incentives and collaborative programs targeted to the life sciences ecosystem. These programs propel the growth that has made Massachusetts the global leader in life sciences. The MLSC creates new models for collaboration and partners with organizations, both public and private, around the world to promote innovation in the life sciences. For more information, visit www.masslifesciences.com.
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